I think they only raised partial funding as a stop gap to keep the company operating and get the trial ground work underway while seeing if a potential partnership / licensing agreement can be reached.
If nothing materialises, then I guess they’ll raise the required trial funding from another CR, hopefully at a higher SP.
If that’s the case, quite a thoughtful approach and respectful of the shareholders, particularly the Directors participating substantially.
Annoying for traders, but good for those with a longer term out look.
Ann: Trading Halt, page-92
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $82.65M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 15.5¢ | $145.3K | 876.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38307 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 302337 | 3 |
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| Last trade - 15.51pm 23/08/2024 (20 minute delay) ? |
| PAA (ASX) Chart |